EOC endocoal limited
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Helmsec today noted that EOC now has an EV/resource tonne of...

  1. Denial
    10,397 Posts.
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    01/08/11
    19:57
    Post #: 8757368
    Helmsec today noted that EOC now has an EV/resource tonne of coal of $0.45 vs developer average of $1.40/t.

    So what will it take for the market to re-rate EOC $40M market cap to be more aligned with its peer valuations?

    Perhaps

    - sorting out port access for 2mpta production during CY13
    - another JORC including Talwood (coking coal)
    - BFS + decision to mine OD by Christmas
    - Offtake agreement signed

    Unmarketable large tonnage versus a business model built around profitable mining is something that the local market seems to take a little longer to catch on to.

    EOC Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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